Coin Circle Liying: May 17 Bitcoin (BTC) Latest Market Interpretation and Operation Suggestions

　　Article Release Time: 2026.5.17——00:30

　　Family! Before the release, the current price of Bitcoin is 78200, and it is at a critical crossroads, the price is stuck around 78200. From the 2-hour candlestick chart, it seems that after the previous sharp drop, the bears are somewhat exhausted, but the bulls also dare not launch a large-scale attack; now it is a typical bottoming stage. The current market is like the calm after a storm, everyone is watching the EMA30 moving average, which is like a ceiling overhead. If it can break through, then it will take off; if it does not break through, it may have to squat down for a while longer. For us retail investors, now is not the time to rush in; patiently waiting for signals is more important than anything else.

　　In terms of technical indicators, the moving average system shows a bearish arrangement, with the price running below the EMA7, EMA30, and EMA120, indicating that the medium and short-term trend remains weak, and the 79300-79500 area constitutes a strong resistance zone. Although the MACD indicator is still below the zero line, the fast and slow lines have shown signs of turning upwards, and the green bars are beginning to shorten, suggesting that the downward momentum is diminishing, with the possibility of a bullish divergence. The Bollinger Bands are opening downwards, with the lower band around 77300, and the middle band around 79200. After the price touches the lower band, it rebounds, indicating that there is strong short-term support in the 77000-77300 range.

　　Short-term Reference:

　　For long positions: Buying at 77800-77300, exit below 77000; target above 79500 aiming for 80200

　　For short positions: Selling at 79500-80000, exit below 80400; target below 78500 aiming for 78000

　　The above content is exclusively created by Liying, please indicate the source when reprinting! The article publishing review has a delay, and the market changes rapidly; the above suggestions are for reference only, and risk is borne by the reader. I hope Liying's appearance will be helpful to you!

　　The content of the article is timely and for reference only, risk is borne by the reader.

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